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lutik1710 [3]
3 years ago
9

Suppose that the equilibrium price and quantity for 1 bedroom apartments in Orange County is $2,000 and 250,000 respectively. Wh

at is the most likely outcome from the Orange County Board of Supervisors' implementation of a price ceiling at $2,500 for a 1 bedroom apartment
Business
1 answer:
ad-work [718]3 years ago
8 0

Answer: c. No effect

Explanation:

This is a non-binding price ceiling. A none-binding price ceiling is a price ceiling that is higher than the equilibrium price for a commodity in the market. As a result, there will be no effect on the market.

The reason being that a price ceiling is a price that companies and people are not meant to exceed. If this price is already higher than the equilibrium price, there would be no need to exceed or go below it it so there would be no effect.

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Just Dew It Corporation reports the following balance sheet information for 2017 and 2018. JUST DEW IT CORPORATION 2017 and 2018
Sergeu [11.5K]

Answer:

Explanation:

Assets 2014 2015 Var

Cash  4,000   11,280   1,8200  

Accounts Receivable  14,880   20,400   0,3710  

Inventory  61,920   90,480   0,4612  

TOTAL CURRENT ASSETS   80,800   122,160   0,5119  

Property and Equipment  239,200   357,840   0,4960  

TOTAL ASSETS   320,000   480,000   0,5000  

Accounts Payable   39,040   48,720   0,2480  

Notes Payable   12,960   17,280   0,3333  

 TOTAL CURRENT LIABILITIES   52,000   66,000   0,2692  

Long Term Loan   48,000   36,000  -0,2500  

TOTAL LIABILITIES   100,000   102,000   0,0200  

Stockholders' Equity   60,000   60,000   -    

Retained Earnings   160,000   318,000   0,9875

TOTAL EQUITY   220,000   378,000   0,7182  

TOTAL EQUITY & LIABILITIES   320,000   480,000   0,5000  

5 0
3 years ago
Gloria Company had no beginning work in process. During the period, 16000 units were completed, and there were 1200 units of end
aivan3 [116]

Answer:

17,200 Units

Explanation:

The total number of units started into production is the sum of the units completed with the ending work in progress, given that the company had no beginning work in progress and no information is given on units wasted.

Units started in production

= 16000 + 1200

= 17,200 Units

3 0
3 years ago
According to keynesianism, as more items are being made, what happens to prices?
kupik [55]

<u>According to keynesianism, as more items are being made, what happens to prices D. the prices stay the same</u>

Explanation:

Keynes advocated that an increased government expenditures and lower taxes can  stimulate demand and it can pull  the global economy out of the depression.

Keynesians believe that, because prices are somewhat rigid, fluctuations in any component of spending like consumption, investment, or government expenditure will cause the output to change. If government spending increases, for example, and all other spending components remain constant, then output will increase.

<u>According to keynesianism, as more items are being made, what happens to prices D. the prices stay the same</u>

5 0
3 years ago
Read 2 more answers
The quantity theory of money holds that:______.
N76 [4]

Answer and Explanation:

The quantity theory of money talks about money supply and price level, and their relationship with one another.

In any given economy, the quantity Theory of money states that money supply and price level are directly proportional. This is to say that when there is a change such as an increase in money supply, there would also be a proportional increase in price Ievel. Also when there is an increase in price level, there would also be a proportional increase in money supply.

4 0
3 years ago
Did you win or lose?
Mnenie [13.5K]

Answer:

ur mum xdddddd

Explanation:

dddddddddd

7 0
2 years ago
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